Report Update: May 1, 2024

Serbia - Mineral Waters And Aerated Waters - Market Analysis, Forecast, Size, Trends And Insights

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Price for Mineral or Aerated Water in Serbia - 2023

Price for Mineral or Aerated Water in Serbia (FOB) - 2023

In October 2023, the average mineral or aerated water export price amounted to $248 per thousand litres, declining by -2.9% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 14% month-to-month. The export price peaked at $280 per thousand litres in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($375 per thousand litres), while the average price for exports to Bulgaria ($138 per thousand litres) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Mineral or Aerated Water in Serbia (CIF) - 2023

The average mineral or aerated water import price stood at $286 per thousand litres in October 2023, declining by -12.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 16% month-to-month. The import price peaked at $326 per thousand litres in September 2023, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($805 per thousand litres), while the price for Croatia ($202 per thousand litres) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mineral or Aerated Water in Serbia

In 2022, approx. 121M litres of mineral or aerated waters were exported from Serbia; surging by 2.4% on the previous year's figure. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mineral or aerated water exports fell modestly to $29M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. As a result, the exports attained the peak of $29M, and then contracted slightly in the following year.

Export of Mineral or Aerated Water in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Montenegro	10.4	6.2	9.9	10.0	-1.3%
Bosnia and Herzegovina	5.8	5.6	7.0	6.8	5.4%
North Macedonia	4.6	4.0	6.1	6.5	12.2%
Russia	0.6	0.7	1.0	0.8	10.1%
Bulgaria	1.2	0.8	0.9	0.8	-12.6%
Romania	0.7	0.6	0.7	0.7	0.0%
Croatia	0.8	0.6	0.7	0.6	-9.1%
Others	2.5	2.5	2.9	2.3	-2.7%
Total	26.5	20.9	29.2	28.6	2.6%

Top Export Markets for Mineral or Aerated Water from Serbia in 2022:

Montenegro (42.0M litres)
Bosnia and Herzegovina (32.0M litres)
North Macedonia (28.5M litres)
Bulgaria (6.3M litres)
Russia (3.0M litres)
Romania (2.4M litres)
Croatia (1.9M litres)

Imports of Mineral or Aerated Water in Serbia

In 2022, approx. 11M litres of mineral or aerated waters were imported into Serbia; growing by 5.5% against 2021 figures. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, mineral or aerated water imports fell modestly to $2.8M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $2.9M, and then fell modestly in the following year.

Import of Mineral or Aerated Water in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Croatia	1,318	983	1,199	1,012	-8.4%
Austria	120	414	472	571	68.2%
Slovenia	732	658	735	560	-8.5%
Italy	2.0	15.7	41.3	225	382.7%
North Macedonia	N/A	N/A	36.2	137	278.5%
Bosnia and Herzegovina	94.5	102	180	126	10.1%
Others	296	137	189	176	-15.9%
Total	2,563	2,308	2,852	2,808	3.1%

Top Suppliers of Mineral or Aerated Water to Serbia in 2022:

Croatia (5.7M litres)
Slovenia (1.6M litres)
North Macedonia (1.4M litres)
Austria (1.4M litres)
Bosnia and Herzegovina (0.6M litres)
Italy (0.3M litres)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for mineral or aerated water in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11071130 - Mineral waters and aerated waters, unsweetened

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023